227#
RSI Price Action Strategy

Support
and Resistance strategy

RSI
Signals filtered by Stochastic and SR lines

Submit by
Marck

RSI Price Action
Strategy is a trading system based on support and resistance lines.

RSI signals are filtered
by slow stochastic and support and resistance lines. The purpose of this trading strategy is to make this profitable trading strategy easier. The inclusion of slow stochastics should help to make
this price action strategy easier. This trading strategy is also for trading on binary options high/low.

Expiry time 2-3
candles

Time frame 1 min or
higher.

Currency pairs: majors,
minors, indicies and stocks.

Metatrader
Indicators:

Support and resistance
lines,

RSI OS OB alerts (3
period with levels 10, 90),

Slow Stochastic
oscillator (11, 3, 3).

Trading rules RSI Price
Action Strategy

Buy

When It is formed the
support line with two dots wait the RSI buy signal filtered by slow stochastic green line.

Stop loss 3 -5 pips
below support line.

Profit target ratio 1:1
stop loss.

Sell

When It is formed the
resistance line line with two dots wait the RSI sell signal filtered by slow stochastic red line.

Stop loss 3 -5 pips
below support line.

Profit target ratio 1:1
stop loss.

This strategy needs
practice to be assimilated. My advice is before you test it at higher time frames then when you learned the technique you can drop off at 1 minute time frame.

In the folder there are
other support and resistance mq4 indicators.

In the pictures RSI
Price Action Strategy.

RSI Price Action Strategy

RSI Price Action Strategy

RSI Price Action Strategy

Share your opinion, can
help everyone to understand the forex strategy.